Energy services provider Expro has completed its acquisition of Norway-based Enhanced Drilling for approximately NOK2 billion ($209 million) in cash, strengthening its capabilities in managed pressure drilling (MPD) and riserless mud recovery (RMR).

The deal expands Expro’s well lifecycle portfolio and enhances its ability to support customers in complex offshore drilling projects.

By integrating Enhanced Drilling’s proprietary technologies, Expro aims to improve drilling efficiency, simplify well designs, reduce operational risks and lower overall well costs through earlier involvement in well planning and construction.

Enhanced Drilling, headquartered in Norway, has established a strong presence in the North Sea, Caspian and Gulf of America, delivering advanced MPD and RMR solutions across offshore operations.

The acquisition also reinforces Expro’s position in the Norwegian offshore market while broadening its customer base.

Michael Jardon, Expro Chief Executive Officer, said: “We are pleased to welcome the Enhanced Drilling team to Expro. This is a strong strategic fit that adds a differentiated capability to our portfolio and strengthens our position in technically demanding offshore markets. Their MPD technologies align with our focus on helping customers improve efficiency, manage risk, and deliver wells with greater certainty. Together, we are well positioned to expand access to these solutions across additional regions, including West Africa, Latin America and Asia Pacific.”  

Kjetil Lunde, Chief Executive Officer at Enhanced Drilling added: “Joining Expro marks an important milestone for Enhanced Drilling. As part of a global organisation with deep operational expertise and long-standing customer relationships, we are well positioned to scale our technologies and broaden their application across international markets.” -OGN/TradeArabia News Service